Americans With Lake Homes Beg Canada for Help

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Americans With Lake Homes Beg Canada for Help

© JuliScalzi / Getty Images

Lakefront property is often expensive. It offers easy access to boating, skiing, swimming and fishing. The real estate also may offer spectacular views. Many owners of this kind of property on the Great Lakes have a problem. Rising water will sweep away their property, and soon their homes. So, they have turned to the only hope for a solution: the Canadian government. That may not be much of a solution, even for the desperate.

According to Bridge, a nonprofit news organization in Michigan, the Canadian province of Ontario is among the roots of the problem. In Saugatuck, on Michigan’s western shore on Lake Michigan, the problem is particularly acute. “More than 800 miles to the north, the province owns dams that release 42,000 gallons of water a second into Lake Superior. Known as the Long Lac and Ogoki diversions, the dams are part of Ontario’s vast hydropower system and, every day, dump the equivalent of two medium-size rivers such as the Kalamazoo and Muskegon rivers into the Great Lakes.” The property owners want Ontario to close the dams, just for a little while.

[in-text-ad]

The begging does not get around the issue that global climate change is the root cause of the long-term problem. Closing the dams may help for a brief period.

There is no reason for Canada to cooperate. The Long Lac and Ogoki diversions drive hydroelectric power for northern Ontario. It is hard to imagine how this energy could be replaced.

[nativounit]

Without a change by the Ontario government, the flooding will continue, or get worse. The very rich can build seawalls, which may help them indefinitely. For those who are not rich, moving away is the only solution. The Canadians are unlikely to solve what is mostly a U.S. problem, particularly when it has no solution to replacing the power generation.

[recirclink id=599025]
[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618